Still here
redsoxnumba1 asked me
"so where exactly are you and your big know it all mouth today????????????????"
and he also told me
"I told you man, i know what i am talking about!!!!"
I just wanted to say that I am still holding, although down a percentage, with my average buy price of .01. But my personal share holdings outstrip the volume of the past two days, so the dip on such low volume is a yawner. That's not a sell-off that's just mild boredom at holiday time.
I recall somebody saying this would retrace to .005, which if if it does would be a) very surprising, given the tens of millions of shares that have been traded since it last touched that mark, and b) a great buying opportunity.
By the way, the chart that redsoxnumba1 posted is helpful in that it shows that before each of the recent run-ups, the stock dipped, and in hindsight those became buying opportunities when the stock was not, in fact, "all done" but in a lull before the next run. In Red Sox terminology selling MMGP here, would be like giving up on your team when they are down, say, three games to one in a playoff series.
It all hinges on revenue and current growth prospects for MMGP. With one cent net income already, or more for the year, a PE of five for the stock means a share price of at least five cents. Don't be crowing about dips in the stock price on minimal volume when you should be buying.
